I am on my 10th year in the USA and bought 2 houses in Bay Area.I have 2 kids and my wife is also working in non IT ,now we feel like going back to India permanently where we can spend rest of life with family friends and relatives Also kids will get a chance to come close with everyone. I have paid off loan for both the houses So I am thinking of selling one house ,keep some money in hand and will rent another house for financial support. We love to live here but on the other side missing so many things here that’s the reason we want to go back. Please give your inputs.
How old are your kids? If they are teenagers, then this would be a cruel move for them. I would at least stick it out until they are off to college. They would have such a hard time adjusting.
Just curious, how old are you OP ?
Happy for you. One thing do we woolens or relatives in India have time for you guys. I have noticed everyone is busy in their own lives and very little time for others including relatives
If you are never coming back, sell both
Move temparorily and stay back if you like it. People are busier in India. It may not be like how it was. Be prepared to return. I had like to everyone saying I m here for a six month assignment
That would be child abuse. 🍆
I've known people to return to their homelands, only to move back a year or two later. They don't realize how much they've become accustomed to American lifestyle.
^ This. Nowadays we only meet with relatives at scheduled times on specific occasions...even if they're on different floors in the same house. None of the spontaneous visits I remember from childhood. Don't let nostalgia sway you OP
Doers do not ask permission.
He works at eBay, Amazon principles don't apply
How are you going to manage the 401k money if any? More power to you btw
Pay 10% penalty and withdraw?
Just let it sit here and grow. Deal with withdrawal when you need it.